This year the government of Ukraine planned to receive 21.3 billion grivnas from the sale of state assets. Of this sum, however, the State Property Fund (SPF) has steered only 50 million grn worth of privatization revenue to the national budget, which accounted for about 0.2% of the plan.
According to acting SPF chairman Vitaly Trubarov, the problem to sell state-owned property in 2018 can be explained by the fact that the Supreme Council, Ukraine's parliament, has long been procrastinating on a new bill of privatization. Notwithstanding the document was ready for adoption as recently as last year, the new law has taken effect from May 2018 only. For this reason, the SPF failed to sell any “serious” state property.
Mr. Trubarov believes nothing can get in the way of selling state assets in the amount of some 17.1 billion grn next year.
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